/KASE, December 30, 2025/ – Development Bank of Kazakhstan JSC (KASE ticker – BRKZ) reported the following:

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Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National Managing Holding, hereinafter – DBK or the Bank), within the framework of its ninth bond programme, placed the third and fourth bond issues on the platform of the Kazakhstan Stock Exchange (KASE).

The total placement amounted to KZT 55,150,789,000, with the coupon calculated based on the floating TONIA (Tenge OverNight Index Average) Compounded rate and a ten-year maturity, making these the Bank’s longest-term local bonds to date.

The issued securities are corporate bonds, with proceeds earmarked for financing the investment projects "Modernisation of Almaty CHPP-2 with minimisation of environmental impact" and "Reconstruction of Almaty CHPP-3", implemented by Almaty Electric Power Stations JSC.

Sky Bridge Invest JSC, BCC Invest JSC, Halyk Finance JSC and Alatau City Invest JSC acted as financial advisers and joint underwriters for the transaction.

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[2025-12-30]